Application Qualifications
Any and all applicants will be evaluated based on the following terms:
All applicants for lease must be at least 18 years of age. Occupancy is without regard to age, however, all occupants at least 18 years of age will be held financially responsible and therefore, must be listed as leaseholders and complete the application process.
All applicants for residency must provide proof of a valid Social Security Number or Individual Taxpayer Identification Number.
The total household gross income must be at least three times the amount of one month’s rent. Applicants who hold jobs that are commission paid only; base salary plus commission, tips or bonuses; are considered self-employed. Those Applicants must provide the previous year’s personal income tax return and the previous two months personal bank statements as evidence of sufficient income.
All applicants are required to provide the two most recent pay stubs as proof of income.
Applicants owing an outstanding obligation without verifiable justification will be required to pay that debt or provide proof of payment before application will be considered. If applicant owned a home as previous residency, applicant must furnish mortgage company references and proof of title ownership or transfer of ownership.
It is the applicant’s responsibility to provide information necessary to contact previous landlords and employers to verify rental and employment history. Management reserves the right to deny applicant’s application if, after making a good faith effort, is unable to verify applicant’s rental or employment history.
An applicant with a felony or misdemeanor conviction or who has received deferred adjudication for crimes involving the actual or potential threat of physical harm to a person, firearms, illegal drugs, theft, or destruction of property in the last ten years or any crime involving a minor or that is sexual in nature, will not be accepted.
Providing any false, misleading or incorrect information on the rental application will be sufficient grounds for rejecting the application and forfeiture of Application Deposit. Discovery of falsification of application after move-in will be sufficient grounds for immediate termination of the Lease Contract. All information provided by the prospective resident may be reviewed with appropriate state and local government authorities and or consumer credit reporting agencies as permitted by law.
Non-discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin is the comprehensive policy of this company.
Management shall comply with and enforce any applicable governmental and company limitations on the number of persons who may reside in a unit or any portion thereof, imposed by statute, code, ordinance or regulation
Application Fee is non-refundable.
Wilkinson Property Management Pet Policy: There is a $350 non-refundable pet fee per pet. All pets should undergo our 3rd party pet screening with our agent www.petscreening.com and will be subject for review.
All applicants understand that upon application approval, they are required to obtain and maintain Renter’s Liability Insurance protection for the property with coverage in the amount of two hundred and fifty thousand dollars ($250,000.00) for damages to Owner’s and third party’s property with provisions covering at least perils of fire, explosion, sewer backup, smoke, and accidental water discharge.
Applicants are required to have a credit score of at least 600. Any applicants who receive a score of 599 or below will be subject to application denial or an additional deposit, whichever Management and the homeowner agree upon.
This is a standard clause in lease applications and agreements. It outlines the timeframe for accepting a lease offer and the conditions under which the lease becomes legally binding. Let's break it down:
3-Day Expiration: This means that if you're approved for the lease and offered a lease agreement, you only have 3 days to sign the lease and return it. If you don't do so within those 3 days, the offer is no longer valid. The landlord is then free to offer the lease to someone else.
Null and Void/Canceled Application: If the lease isn't signed within the 3-day window, the lease offer is considered "null and void" (meaning it has no legal effect), and your application is considered canceled. You would have to reapply and go through the entire process again if you were still interested in the property.
Full Execution and Payment: The lease only becomes legally binding and "effective" when all of the following conditions are met:
Fully Executed: This means both you (the tenant) and the landlord (or their authorized representative) have signed the lease agreement. Both signatures are required for a valid contract.
Security Deposit Paid: You must pay the full security deposit as specified in the lease.
Pro-Rata Rent/Fees Paid: If you're moving in mid-month, you'll likely need to pay a prorated amount of rent for the remainder of that month. Any other fees due (pet fees, etc.) must also be paid.
In simpler terms: You're approved, you get a lease offer, but it's only good for 3 days. You have to sign it and pay the required money within those 3 days for the lease to be real. Otherwise, the offer disappears, and you're back to square one.
This clause is designed to protect the landlord by preventing applicants from holding up a property for an extended period without committing to the lease. It's important to act quickly if you're interested in a property after being approved.
